Course Detail(A074 : Charities Accounting Standard (CAS): Accounting for Charities)

SDF Funding, SkillsFuture Credit

A074 : Charities Accounting Standard (CAS): Accounting for Charities

7.00 CPE Hours (Category 1)
Classroom

Programme Objective

To provide accounting professionals with guidance on the accounting for charities under the new Charities Accounting Standard (CAS) which was issued by the Singapore Accounting Standards Council (ASC), applicable for Charities when they prepare their financial statements for financial periods beginning on or after 1 July 2011.

The Charities Accounting Standard is essentially a simplified version of the Financial Reporting Standards containing accounting standards relevant to the charity sector. It aims to better meet the needs of charity sector and its stakeholders. This latest initiative is also part of a larger effort by the Office of the Commissioner of Charities to improve governance and enhance public confidence in the charity sector.

Programme Outline

  • General Overview of the Simplified charities accounting standard
  • Statement of Financial Activities
  • Balance Sheet items
  • Statement of Cash Flows
  • Special Section – Depreciation for Charities' Fixed Assets
  • Date from which Effective and Transitional Arrangements


Training Methodology
Lecture style, with Exercises/Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An Intermediate level programme intended for Practicing Accountants as well as Audit and Accounting professionals who are keen to learn about the simplified new Charities Accounting Standard (CAS).

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

20 Nov 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Suhaimi Bin Salleh

Date & Time

19 Nov 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Suhaimi Bin Salleh

Date & Time

23 Nov 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Suhaimi Bin Salleh

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 25 Dec 2020
Course Reference Number: CRS-N-0042275

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SFC may be accumulated to pay for skills related course fees. You may wish to use your SFC to pay for partial/full ISCA course fees.  (For more information on the SFC scheme, please visit http://www.skillsfuture.sg/credit)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information. At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 2: After successful enrolment, please proceed to submit SFC claim on Skillsfuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal here: http://www.skillsfuture.sg/credit.

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $42.80 for any revision of invoice.


2] WDA Training Grant - SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 

Funding Period: Until 25 Dec 2020
Funded Hours: 7 hours
Course Reference Number: CRS-N-0042275

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     
  • Step 2: After successful enrolment, please proceed to submit the Training Grant application via SkillsConnect Portal here: https://www.skillsconnect.gov.sg/

 

Employers of company-sponsored participants must submit training grant via SkillsConnect system to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date. Please note that there will be an administrative fee of $42.80 for any revision of invoice.

 

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

Programme Facilitator(s)


Suhaimi Bin Salleh
FCPA Singapore, FCMC, PMC, AFP


Suhaimi has more than 30 years of post-graduate experience in audit, accounting, management consultancy and corporate training.

He is currently the Senior Partner of his own public accounting firm, and CEO of his own Consulting Group, a group of professional services companies providing management consulting, training, accounting, auditing and governance review services to non-profit, corporate as well as individual clients.

He also has wide experience conducting in-company training and consulting assignments for major private and public sector organisations, and industry associations both locally and overseas. He has been a regular trainer at Social Service Training Institute (SSTI) and has trained more than 300 accounting professionals in RAP6 - Accounting and Reporting for Charities, since it was first introduced in 2006.
 
In 2001, he was awarded the SME Partner Award by the then Singapore Productivity Standards Board for his outstanding contributions in the development of the small and medium enterprises in Singapore. He was one of three recipients for the award.

He is also currently serving and has served in many public and civic institutions in various capacities, including:
  • Singapore Charity Council
  • Institute of Management Consultants
  • Ngee Ann Polytechnic Council
  • Yayasan Mendaki (an IPC)
  • PMBM Scholarship Fund Board (an IPC)
 

Programme Objective

To provide accounting professionals with guidance on the accounting for charities under the new Charities Accounting Standard (CAS) which was issued by the Singapore Accounting Standards Council (ASC), applicable for Charities when they prepare their financial statements for financial periods beginning on or after 1 July 2011.

The Charities Accounting Standard is essentially a simplified version of the Financial Reporting Standards containing accounting standards relevant to the charity sector. It aims to better meet the needs of charity sector and its stakeholders. This latest initiative is also part of a larger effort by the Office of the Commissioner of Charities to improve governance and enhance public confidence in the charity sector.

Programme Outline

  • General Overview of the Simplified charities accounting standard
  • Statement of Financial Activities
  • Balance Sheet items
  • Statement of Cash Flows
  • Special Section – Depreciation for Charities' Fixed Assets
  • Date from which Effective and Transitional Arrangements


Training Methodology
Lecture style, with Exercises/Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An Intermediate level programme intended for Practicing Accountants as well as Audit and Accounting professionals who are keen to learn about the simplified new Charities Accounting Standard (CAS).

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Suhaimi Bin Salleh
FCPA Singapore, FCMC, PMC, AFP


Suhaimi has more than 30 years of post-graduate experience in audit, accounting, management consultancy and corporate training.

He is currently the Senior Partner of his own public accounting firm, and CEO of his own Consulting Group, a group of professional services companies providing management consulting, training, accounting, auditing and governance review services to non-profit, corporate as well as individual clients.

He also has wide experience conducting in-company training and consulting assignments for major private and public sector organisations, and industry associations both locally and overseas. He has been a regular trainer at Social Service Training Institute (SSTI) and has trained more than 300 accounting professionals in RAP6 - Accounting and Reporting for Charities, since it was first introduced in 2006.
 
In 2001, he was awarded the SME Partner Award by the then Singapore Productivity Standards Board for his outstanding contributions in the development of the small and medium enterprises in Singapore. He was one of three recipients for the award.

He is also currently serving and has served in many public and civic institutions in various capacities, including:
  • Singapore Charity Council
  • Institute of Management Consultants
  • Ngee Ann Polytechnic Council
  • Yayasan Mendaki (an IPC)
  • PMBM Scholarship Fund Board (an IPC)
 

Upcoming Schedule

Registration is closed

Date & Time

20 Nov 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Suhaimi Bin Salleh

Venue

60 Cecil Street
ISCA House
Singapore 049709